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Form FWP REPUBLIC OF THE PHILIPPI Filed by: REPUBLIC OF THE PHILIPPINES

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June 17, 2026 7:46 AM EDT

Filed pursuant to Rule 433

Registration Statement No. 333-286375

June 16, 2026

US$300,000,000 5.750% Global Bonds due 2051

Final Term Sheet

 

Issuer    Republic of the Philippines

Issue currency

    US$

Amount issued

    US$300,000,000

Reopening

    The bonds will be a further issuance of, and will form a single series with the existing U.S.$750,000,000 aggregate principal amount of the Republic’s 5.750% global bonds due 2051 (ISIN US718286DL87; CUSIP 718286 DL8; Common Code 326476820) issued on January 27, 2026.

Security type

    Senior Unsecured Bonds

Coupon

    5.750%

Interest Payment dates

    January 27 and July 27

Maturity date

    January 27, 2051

CUSIP

    718286 DL8

ISIN

    US718286DL87

Public Offering Price

    98.698% not including accrued interest.

Proceeds before expenses

    US$296,094,000, plus accrued interest totaling US$ 7,043,750, from January 27, 2026, to but not including June 24, 2026, the date the Republic expects to deliver the January 2051 global bonds, and additional interest to the date of delivery, if later.

Settlement date

    June 24, 2026

Reference benchmark

    4.75% UST due February 15, 2056

Benchmark yield

    4.932%

Re-offer spread over benchmark

    91.8 bps

Re-offer yield

    5.850%

Denominations

    US$200k/1k

Day count

    30/360

Joint Lead Managers and Joint Bookrunners

    BNP Paribas, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, MUFG Securities Asia Limited Singapore Branch and Standard Chartered Bank

Settlement and Delivery

    The Republic expects that delivery of the global bonds will be made against payment therefor on or about the settlement date. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade global bonds prior to delivery of the global bonds will be required, by virtue of the fact that the global bonds initially will settle on a basis longer than the next business day, to specify alternative settlement arrangements to prevent a failed settlement.

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by contacting The Hongkong and Shanghai Banking Corporation Limited by calling +1-866-811-8049.

The prospectus can be accessed through the following link:

https://www.sec.gov/Archives/edgar/data/1030717/000119312526271835/d24865d424b3.htm

MiFID II professionals/ECPs-only – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).

UK MiFIR professionals/ECPs-only – Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels).


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